Is Sofi Technologies Getting Ready To Hit New All-Time High?

• The SOFI stock price has increased by 65.81% in the last six months following an uptrend in the market.
• SOFI stock is down by more than 50% from its all-time high.

Sofi Technologies Inc. (NASDAQ: SOFI) is an online personal finance company and online bank. The company provides certain financial services like refinancing, mortgages, personal loans, etc. The company was founded in 2011 and its current CEO is Anthony J. Noto. Sofi Technologies Inc. has its headquarters in San Francisco.

The company has an average volume of 38.91 Million and the current market cap of the company is $8.618 Billion. Sofi Technologies Inc. has a negative ROE of -3.54% and the ROA of the company is also negative along with a negative PE ratio of -36.28. These ratios are not positive for the performance of the company in the longer term.

The current ratio of the share is 5.63 following a debt ratio of 0.28 which makes it very capable of repaying its debt. As per the Q2 2023 results, the net cash at the company has advanced by 250.5%, resulting in $6.12 Billion. Similarly, the operating cash flow has increased by 1304.1%.

SOFI Performance Analysis

The revenue of the company for the year 2022 was $1.76 Billion and the company made total sales of 1.76M, resulting in a negative net income of $320,410. The debt for the company has increased from $4.19 Billion in 2021 to $5.63 Billion in 2022.

SOFI Stock Technical Analysis

a by writer11_gsm on TradingView.com